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Fiscal deficit News
Fiscal deficit looks magnified Fiscal deficit till December already touched 4.3 per cent of the gross domestic product (GDP) for the entire financial year, just 0.3 percentage points short of the Budget target of 4.6 per cent of GDP. Advance estimates on Tuesday estimated nominal GDP this financial year to be slightly less than that projected in the Budget, and this would magnify fiscal deficit as a portion of GDP. The nominal GDP
I am disappointed with the numbers: C Rangarajan
The Prime Minister’s Economic Advisory Council chairman C Rangarajan expects the final economic growth to be better than the advance estimates for this financial year. In an
Negative list, positive news
For years, economists did not know how to think about services. The tertiary sector of the economy was an afterthought for many early economists, and that caused a bias in economic theory and
FY12 fiscal deficit seen at 5.6 pct of GDP: adviser
Fiscal deficit till Dec touches 92% of Budget target
April-Dec fiscal deficit 92.3 pct of FY12 target
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